The USPS's $5.5 Billion Default: What Happened and How it Could Affect Your Business

The United States Postal Service (USPS) has officially defaulted on a $5.5 billion payment due to the U.S. treasury today, and plans to default on a similar payment of $5.6 billion due September 30. While mail delivery and postal products are not expected to be affected yet, such changes could be on the way as losses continue to snowball.